Checking your rate with LendingClub Bank has no impact to your credit score. We'll only do a hard credit pull that could impact your score if you get approved, accept your terms, and your loan is issued.
Learn more about your credit score and how to protect your credit health.
Will checking my rate affect my credit score?
Keep more of what you earn and earn more on what you save.
Checking your rate won’t impact your credit score.2
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Your credit utilization rate measures the balances of your revolving accounts against your credit limits. Naturally, your ratio can influence your credit scores. A low utilization rate could improve your credit scores while a high utilization rate may hurt them.
Related FAQ's
Once your loan is approved for funding, we’ll pay your creditors directly or send the money in as little as 24 hours.<sup>1</sup>
Yes, the TopUp™ loan requires a minimum extra cash amount for each new loan request.
Your maximum borrowing amount is based on your current loan's balance and your individual credit profile.
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
